I want to buy with the banks at $12. might take 6 years to get there though. looks like we are going into another Great Depression. makes sense as the previous depression started with a trade war as well.
damn totally sucks for people on the planet who are going to get absolutely screwed by this.
Why, What, How dare you! I am sure some of you may be thinking that right now, let me explain. Bitcoin had a great run, it really did! But unfortunately the good times don't last.
We hit a yearly at $13920 which we had a massive rejection from. We have been distributing for the last 4 months decreasing this bullish momentum and preparing for our move down.
The...
Greedy people do not give things away for free. The 1% are a perfect example of greed and they hoarding ridiculous amounts of cash. As opposed to paying their employees a livable wage they buy back their own stock to artificially make the price go up. Last I checked $1.1 trillion in stock buy backs and growing. This artificial value of "bought back" stock makes...
Well, you already know how I feel about all of this and how this has come about. If you read my other idea, tether has actually printed another billion fake dollars in the meantime and injected it into the system and actually are buying bitcoin with it... No bull was telling you that about that, right? There are major fundamental problems with the underlying price...
I had flagged that the DJI and NASDAQ were in trouble some time ago. I told everybody to 'GET READY'. Some were hypnotised by POTUS's assertions that the American economy is doing "fantastically well". Yes he said so and I have the reference.
The data on ISM that triggered this plunge/correction was not brand new information at all. It's only because the ISM...
The market is applying the rule of thumb that inversions in the 2y10y curve are 12-24 month leading indicators of recession. This rule of thumb no longer applies in the global NIRP environment. 2008 saw fewer leading inversions than 2001. This time time there were none at all—the crash has already begun. SPY <150 in 2020.
Still following the same channel, hasn't broken down too bad. The solid lines represent a strong support and resistance levels and could bounce of those. Before I guess the bottom let's see the upside or the resistance levels at 9356 and 9849. First support is at 7516 a small dip could be possible to 7262 or even 7019 . Next is the levels I see on the Fib circles...
I like how news headlines blame the trade war and impeachment every day. Maybe people don't trust the stock market and want their money. Also, I recommend using the CICO Report for a logical view of the stock market. I suggest trading with a logical frame of mind and ignore the BS emotionally triggering news. If you are emotionally triggered after reading a news...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Using the Cash in/cash out indicator (CICO) one can see the major shift from buying to selling. The CICO indicator measures a rolling sum of new money in and out of the market. The user can set the desired time frame to measure. The code is open source and directions on how to use the indicator are within the comment sections of the indicator. Don't let the 1%...
Look carefully. I'm not saying to that anybody needs to trade 3-day time frames.
The point of this chart is to show that there is an overdue correction - and I don't know when it's gonna happen. Why? Cuz unlike many out here, I have no crystal ball - and I don't own the future.
Elliott waves are not to be interpreted rigidly. Fibonacci does not tell markets...
Has been a while since my last TA, was quite busy with my new version Epic Market Indicator 1 & 2.
EUR/USD is approaching the last line of support. Once this support fails to reject the bears, I fear the worst for the EUR. We have never recovered from the 2008 and 2014 crash. Leaders can lie to the people but the markets apparently won't. Since the ECB is going...
